Global X Defense Tech ETF (NYSEARCA:SHLD) Sees Significant Drop in Short Interest

Global X Defense Tech ETF (NYSEARCA:SHLD) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 389,738 shares, a decline of 41.0% from the January 15th total of 660,431 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 2,607,386 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 2,607,386 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.4% of the company’s stock are sold short.

Global X Defense Tech ETF Stock Up 1.6%

SHLD stock traded up $1.14 during midday trading on Friday, hitting $72.21. 1,143,535 shares of the company traded hands, compared to its average volume of 2,210,466. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of -5.96 and a beta of 0.27. Global X Defense Tech ETF has a twelve month low of $40.75 and a twelve month high of $78.49. The business has a 50 day simple moving average of $70.86 and a 200-day simple moving average of $66.97.

About Global X Defense Tech ETF

The Global X Defense Tech ETF (SHLD) is an exchange-traded fund that is based on the Global X Defense Tech index. The fund tracks a modified market-cap weighted index of the top 50 pure-play defense technology companies from around the world. These companies are considered best positioned to benefit from increased governmental defense spending. SHLD was launched on Sep 11, 2023 and is issued by Global X.